Game Theory: The Science of Decision-Making
With up to ten years in prison at stake, will Wanda rat Fred out? Game theory is looking at human interactions through the lens of mathematics. Hosted by: Hank Green ---------- Support SciShow...
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When you’re hanging out with your friends, you probably don’t think too hard aboutthe math behind the decisions you’re making.But there’s a whole field of math — and science — that applies to social interactions.It’s called Game Theory.Game theory was pioneered in the 1950s by mathematician John Nash, the guy from thatRussell Crowe played in A Beautiful Mind.But game theory isn’t about games the way we normally think about them.Instead, a game is any interaction between multiple people in which each person’s payoffis affected by the decisions made by others.So, sure, that could apply to a game of poker.But it could also apply to practically any situation where people get together and getup in each other’s business.Like, did you interact with anyon...
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When you’re hanging out with your friends, you probably don’t think too hard aboutthe math behind the decisions you’re making.But there’s a whole field of math — and science — that applies to social interactions.It’s called Game Theory.Game theory was pioneered in the 1950s by mathematician John Nash, the guy from thatRussell Crowe played in A Beautiful Mind.But game theory isn’t about games the way we normally think about them.Instead, a game is any interaction between multiple people in which each person’s payoffis affected by the decisions made by others.So, sure, that could apply to a game of poker.But it could also apply to practically any situation where people get together and getup in each other’s business.Like, did you interact with anyon...
